Financial data for Joel de Paris, Inc., for last year follow:

Joel de Paris, Inc. Balance Sheet
	Beginning Balance			Ending Balance
Assets
Cash	$	125,000		$	134,000
Accounts receivable		349,000			474,000
Inventory		574,000			481,000
Plant and equipment, net		822,000			821,000
Investment in Buisson, S.A.		392,000			429,000
Land (undeveloped)		254,000			255,000
Total assets	$	2,516,000		$	2,594,000
Liabilities and Stockholders' Equity
Accounts payable	$	379,000		$	350,000
Long-term debt		1,017,000			1,017,000
Stockholders' equity		1,120,000			1,227,000
Total liabilities and stockholders' equity	$	2,516,000		$	2,594,000

Joel de Paris, Inc. Income Statement
Sales					$	4,725,000
Operating expenses						3,969,000
Net operating income						756,000
Interest and taxes:
Interest expense	$	120,000
Tax expense		209,000				329,000
Net income					$	427,000

The company paid dividends of $320,000 last year. The Investment in Buisson, S.A., on the balance sheet represents an investment in the stock of another company. The company's minimum required rate of return of 15%.

Required:

1. Compute the company's average operating assets for last year.

2. Compute the companys margin, turnover, and return on investment (ROI) for last year. (Round "Margin", "Turnover" and "ROI" to 2 decimal places.)

3. What was the companys residual income last year?

Required: 1. Compute the company's average operating assets for last year. 2. Compute the company's margin, turnover, and return on investment (ROI) for last year. (Round "Margin", "Turnover" and "ROI" to 2 decimal places.) 3. What was the company's residual income last year? 1. 2. % Average operating assets Margin Turnover ROI Residual income %